Apple partner Foxconn acquires accessory and peripheral maker Belkin

Apple manufacturing partner Foxconn has acquired accessory and peripheral maker Belkin for $866 million, TechCrunch reports. The sale brings a lot of recognizable brands owned by Belkin under Foxconn’s umbrella, including Linksys, Wemo and Phyn in addition to Belkin’s own name. Belkin’s CEO and founder Chet Pipkin will stay on and operate the company “as a wholly owned subsidiary,” possibly also joining Foxconn Interconnect Technology’s management team at a later date.